Audio By Carbonatix
President Akufo-Addo has, since he was sworn into office, pledged to rid the country of the need for hand-outs.
He touted his administration as one that will vigorously institute home-grown measures to ensure that country is self-sufficient.
In this light, the ‘Ghana Beyond Aid’ mantra was birthed by the Akufo-Addo government.
However, an economist at the University of Ghana believes the essence of the slogan is lost.
"Ghana beyond aid is already beyond us. Of course, we knew from Day 1 that Ghana Beyond Aid was not anti-aid of aid rejection. It is actually in need of more aid," he said on JoyNews.
Prof Godfred Bokpin is of the view that, this commitment is out of Ghana’s reach as the country battles for a lifeline in a desperate request for an economic bailout from the International Monetary Fund (IMF).
The lecturer was speaking on Newsfile on Saturday, August 13, 2022.
"Over the years, we have not been able to collect sufficient tax revenue relative to the size of our economy. That's a big problem. While that is a problem, we have been largely inefficient at the expenditure side also," he told Samson Lardy Anyenini.
He suggested that blocking such leakages in the revenue collection regime is one sure way of mitigating the country's financial woes.
Latest Stories
-
Ghana Water revenue mobilisation below 50% of potential – MD
5 minutes -
Ghana’s democracy must accommodate dissent and constructive criticism – Haruna Iddrisu
6 minutes -
Fact check: Trump posts fake quote of Denzel Washington supposedly praising him
6 minutes -
UPSA students lament high fees at private hostels, call for government intervention
17 minutes -
We will upgrade Ghana’s credit ratings if government maintains fiscal discipline, policy effectiveness – Moody’s
18 minutes -
Gender Ministry supports four siblings allegedly sexually abused by their father
22 minutes -
UMB MD wins ‘CEO of the Year’, banking category at 2026 Ghana Credit Excellence Awards
23 minutes -
Don’t throw away empty egg cartons — 6 smart ways to reuse them
27 minutes -
GoldBod poised to surpass 2025 forex performance – Sammy Gyamfi
27 minutes -
Old students of Peki SHS break ground to give 70-year-old school infrastructure a facelift
42 minutes -
Ablakwa facing ‘personal vendetta’ over refusal to grant Nana B service passport – Majority
42 minutes -
Every year, the lawyers come out, and so does the nonsense! – Ace Ankomah writes
55 minutes -
Digital transformation without an ownership culture can digitise poor service
58 minutes -
Fishing communities demand revocation of offshore gold exploration licences over livelihood concerns
1 hour -
How Ghanaian tycoon Manoj Lakhiani built a water and plastics empire from a $25,000 loan
1 hour